Money

Mnuchin insists agriculture was part of US-EU trade talks

Mnuchin insists agriculture was part of US-EU trade talks The U.S. and European Union announced in a joint statement Wednesday they will work toward "zero tariffs" and removal of non-tariff barriers, following President of the EU Commission Jean-Claude Juncker's visit to the White House. While the results of Trump and Juncker's meeting may be "a step in the right direction", Helfenbein said, concerns linger over trade agreements with China, Canada and ... [Full Article...]

Amazon second-quarter profit trounces estimates

Amazon second-quarter profit trounces estimates Net income surged more than six-fold to $2.5bn, powered largely by the growth of its cloud computing business Amazon Web Services which grew 80 per cent, and a series of acquisitions including health-conscious supermarket chain Whole Foods. [Full Article...]

Shareholders Greenlight Disney's $71.3B Fox Deal

Shareholders Greenlight Disney's $71.3B Fox Deal The U.S. Justice Department approved of the deal last month under the condition that Disney sell of Fox's regional sports networks that compete with Disney-owned ESPN. Disney's blockbuster deal for most of 21st Century Fox has been approved by both companies. Shares of Fox were down slightly by 0.3 percent, to $45.25, in morning trading, while Disney shares were down 0.5 percent, to $112.... [Full Article...]

Facebook could lose $151 billion in market capitalization today

Facebook could lose $151 billion in market capitalization today Twitter shares plunged 20.5 per cent after the social media network reported a decline in monthly active users, versus the increase analysts had expected, and warned of further drops as it deletes fake accounts. Their median target price is $219.30. "The guidance from management over their expectations for revenue growth to decelerate so markedly for the rest of the year did take us, and the mar... [Full Article...]

Doug Ford's approach to Toronto council dismays Hamilton mayor

Toronto Mayor John Tory addressed his heated exchange with Coun. The mayor has said Ford briefly mentioned the cut to council previously but he didn't think the premier meant for this election. It set off a flurry of political activity as two high-profile candidates registered to run in mayoral races in and around the city - former city planner Jennifer Keesemat in Toronto and former PC leader... [Full Article...]

Trump suggests cutting all tariffs ahead of key meeting with EU

Trump suggests cutting all tariffs ahead of key meeting with EU He's a pro-Trump lawmaker, but he's also a vehicle dealer, and the auto industry is losing sleep over Trump's steel and aluminum tariffs, and the potential the administration has raised for more auto-related tariffs. The EU agreed to increase import of U.S. liquefied natural gas and agricultural produce. The joint statement gave some indication that the European Union was willing to work w... [Full Article...]

FREE MAC lipstick on Sunday, July 29

FREE MAC lipstick on Sunday, July 29 In honor of the momentous occasion, MAC Cosmetics is giving out tubes of lipstick...for free. Will you be in line for a free lipstick? You can choose from nine shades. So whatever you're doing this Sunday, make sure you're near a MAC store. From July 27 through July 29, Sephora is also handing out its regular-size Rose or Pearl face mask from its in-house line Sephora Collection for free. [Full Article...]

SEC Rejects Winklevoss Bitcoin ETF

SEC Rejects Winklevoss Bitcoin ETF The SEC said the Cboe Global Markets platform that would have listed the Bitcoin fund failed to prove that the underlying market was "resistant to manipulation". "Bitcoin is a new phenomenon, and its a long-term viability is uncertain". The Commission, however, is not well positioned to assess the likelihood of either outcome, for bitcoin or any other asset. [Full Article...]

McDonald's employee slams woman who threw milkshake

McDonald's employee slams woman who threw milkshake In a later video, posted to Facebook by Ms Dayag, the worker seems thrilled with her new found internet fame after the footage attracted nearly a million views on Facebook. Another worker, wearing a blue shirt, in the long run limits the battered benefactor yet gets an elbow in the face for her exertion. "I was bleeding because I hit her in the teeth, otherwise, that's all I got". [Full Article...]

Trump touts economic growth

Trump touts economic growth On Friday, the U.S. Bureau of Economic Analysis announced that the U.S. economy increased at an annual rate of 4.1 per cent in the second quarter of 2018. And in 2015, full-year economic growth almost reached the three percent level being targeted by the Trump administration this year when it hit 2.9 percent. [Full Article...]

Republicans and farmers alarmed as Trump trade wars grow

Republicans and farmers alarmed as Trump trade wars grow The US would not do anything "against the spirit of this agreement", Trump said , alluding to his previous threat on European Union vehicle tariffs. Farm products such as soybeans and pork have been hit with retaliatory tariffs in response to Mr. [Full Article...]

Twitter Loses Users, But Will Advertisers Follow?

Twitter Loses Users, But Will Advertisers Follow? The company warned its monthly user number could continue to fall in the "mid-single-digit millions" in the third quarter. That sent the stock tumbling 14%. The World Cup brought in $30 million of revenue in the quarter. Twitter's market value dropped by more than $6 billion Friday, to around $26 billion. [Full Article...]

Facebook stock dives almost 20% on warning of slow revenue growth

Facebook stock dives almost 20% on warning of slow revenue growth In pre-market trading on Thursday, Amazon stock had dipped 1.5 percent, Netflix 1.8 percent, and Alphabet 1 percent. Ben Bajarin , an analyst at Creative Strategies, calls this "new territory" for Facebook . The company's user base flatlined in its biggest market, the USA and Canada, at 185 million daily users, while declining 1 per cent in Europe to 279 million daily users. [Full Article...]

Facebook sets up a new innovation hub in ChinaNaija247news

Facebook sets up a new innovation hub in ChinaNaija247news Facebook has before set up similar hubs in France, Brazil, India and South Korea where they train and host workshops to help developers and companies to innovate and grow. Shares of Facebook pared most of their gains to trade marginally up at $215.34, after touching a record-high earlier in the session. Still, Netflix has been frozen out by iQiyi , which is backed by Baidu, while Amazon faces f... [Full Article...]

Iran’s Yemeni Proxies Put Oil Shipments in Crosshairs

Iran’s Yemeni Proxies Put Oil Shipments in Crosshairs Sometime later, Saudi Aramco said it would stop sending its oil tankers through the Bab el-Mandeb Strait, the narrows at the southern end of the Red Sea through which about 5 million barrels of oil pass every day. "We reaffirm that those, who threaten worldwide peace and security and expose the Red Sea security to great risks, are the US-Saudi aggression forces and their crimes and siege against t... [Full Article...]

Mexican minister sees opportunity to advance stalled NAFTA talks

Mexican minister sees opportunity to advance stalled NAFTA talks January 23, 2018. It called the tariff illegal and unfair. It points out that the International Trade Commission's (ITC) investigation found no significant harm for US manufacturers from Canadian products and the US ITC did not recommend tariffs on Canada. [Full Article...]

Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66

Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66 Carlos Ghosn, chairman and CEO Renault-Nissan-Mitsubishi: "Our entire team at Renault-Nissan-Mitsubishi were saddened to learn of the death of Sergio Marchionne ". In 1983, he had added a law degree from Osgoode Hall Law School of York University, Toronto. It was then put under Fiat's control. In 1994, the company was merged with Swiss industrial firm Alusuisse Lonza Group, at which point Marchio... [Full Article...]

Florida police officer helps homeless man shave for McDonald's interview

Florida police officer helps homeless man shave for McDonald's interview Local McDonald's restaurants couldn't immediately confirm if Phil was hired. Others were keen to know if Phil had got the job, prompting an update post from Officer Carlson , who visited him on Tuesday evening. This random act of kindness has gone viral since it happened, but despite all of the recognition and good will that he is getting, Carlson reckons that he was just doing what most othe... [Full Article...]

U.S. threatens sanctions unless Turkey releases American pastor

U.S. threatens sanctions unless Turkey releases American pastor In a statement the Foreign Ministry spokesman Hami Aksoy said: "Turkey is a sovereign state with a deep-rooted democratic tradition and political order which upholds the supremacy of law". "US threats of sanctions aggravate it". Pence highlighted cases of what he said was religious repression in Nicaragua, Iran, North Korea, China and Myanmar. [Full Article...]

Here are your Tuesday $522M Mega Millions winning numbers

Here are your Tuesday $522M Mega Millions winning numbers The winning ticket matched all six numbers plus the gold Mega Ball - upping the prize to about $522 million, with a cash option of $308 million. The names of the MA winners weren't immediately available. If taken in a lump sum, before taxes, a single victor would receive about $308 million. Two, sold in MA and Texas, included the optional Megaplier (an optional $1 purchase available in mos... [Full Article...]


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